2013-02-14T07:51:12-06:00 2012-06-30 010523282 Berry Dunn McNeil & Parker LLC 1000 Elm Street 15th Floor Manchester NH 03101 990 2011-07-01 020223317 Brewster Academy BREW 6035697103 80 Academy Drive Wolfeboro NH 03894 Roy Ballentine 6035697103 2013-02-07 1 Rachel Williamson CPA P00186614 6036697337 2013-02-07 2011 2016-02-25 16:41:14Z Michael Cooper 80 Academy Drive Wolfeboro NH 03894 23686278 0 X www.brewsteracademy.org X 1887 NH To provide education to residential and day students. 19 19 272 90 118678 0 860983 2029399 18250138 19450113 158187 -75348 83445 250543 19352753 21654707 3028108 3325720 0 0 8132136 8780040 31965 21517 700927 8902923 8443558 20095132 20570835 -742379 1083872 58362449 58882862 27688823 28669645 30673626 30213217 An independent college preparatory school which provides students with the academic, personal, and social skills necessary for success in a university or college, and for life. 0 0 16303017 17947475 Brewster Academy is a private high school that enrolls both boarding and day students. In addition to a broad educational curriculum, the school provides an extensive athletic program. The Brewster program is designed to meet students at their current level of perfermance and accelerate them in their mastery of skills and knowledge, ensuring that graduates are prepared for the challenges of college and careers and the skills needed for success in the 21st century. 705274 1131645 The Summer Program features educational programs and conferences during the summer recess, including the Brewster Academy Summer Session and Royal Thai Scholars. 17008291 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 31 0 1 272 1 1 1 1 CJ 0 0 0 0 0 0 0 0 X 19 19 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X Brewster Business Office 6035697103 80 Academy Drive Wolfeboro NH 03894 Arthur O Ricci 1.00 X 0 0 0 Arthur W Coviello Jr 1.00 X 0 0 0 Barbara Naramore 1.00 X 0 0 0 CRichard Carlson 1.00 X 0 0 0 Candace Crawshaw 1.00 X 0 0 0 Claudine Curran 1.00 X 0 0 0 Daniel T Mudge 1.00 X X 0 0 0 David L Carlson 1.00 X 0 0 0 Douglas H Greeff 1.00 X X 0 0 0 George J Dohrmann III 1.00 X 0 0 0 Karen W Fix 1.00 X 0 0 0 Leslie N H MacLeod 1.00 X X 0 0 0 Michael Appe 1.00 X 0 0 0 Michael Keys 1.00 X 0 0 0 Peter Ford 1.00 X 0 0 0 Rev Nancy Spencer Smith 1.00 X 0 0 0 Roy Ballentine 1.00 X X 0 0 0 Stephen C Farrell 1.00 X 0 0 0 Steven R Webster 1.00 X 0 0 0 Helen Hamilton 1.00 X 0 0 0 A B Whitfield 1.00 X 0 0 0 Lisa Braiterman 40.00 X 113487 0 31118 Michael Cooper 40.00 X 270314 0 48846 Lynn Palmer 40.00 X 113756 0 12720 Robert G Simoneau 40.00 X 103330 0 14419 600887 0 107103 4 0 1 0 Chartwells 91337 Collections Drive Chicago IL 606931337 Dining - Food Service 718924 PFG NorthCenter PO Box 2628 Augusta ME 043302628 Dining - Supplies 200311 Donald A Madore 31 Muddy Pond Road Kensington NH 03833 Construction/Roofing 188050 New England Woodcraft Inc 481 North Street Forest Dale VT 05745 Furniture 186591 Athletic Surfaces Inc 599 North Avenue Wakefield MA 01880 Running Track Renovation 129900 5 2029399 466994 2029399 Tuition and Fees 611710 16053277 16053277 Instructional Support 611710 1644881 1644881 Summer Programs 611710 1236767 1131645 105122 Student Related 611710 431317 431317 Miscellaneous Revenue 611710 83871 70315 13556 19450113 224181 224181 1663387 42017 1915702 89231 -252315 -47214 -299529 -252315 -47214 120660 26638 94022 94022 Distribution from bene 900099 156521 156521 156521 21654707 19079120 118678 427510 3325720 3325720 477228 477228 6480506 5227513 838713 414280 388554 268787 91485 28282 900170 684118 167536 48516 533582 421478 82348 29756 60436 60436 61572 61572 21517 21517 10575 10575 418562 270114 117570 30878 1223403 1223403 226991 153948 26523 46520 835583 703337 132246 1376800 1319918 56882 252218 252218 Plant Expense 1130666 1130666 Student Related 998744 998744 Dining Hall 718701 718701 Miscellaneous 287143 94613 212149 -19619 842164 467231 274136 100797 20570835 17008291 2861617 700927 1215 1575 7550449 8706301 2056585 668809 31561 111013 63716 61030 131246 92849 46538456 17496966 29107724 29041490 8169809 8672021 11250144 11527774 58362449 58882862 940468 683161 6836963 8104585 18000000 18000000 1290698 1181973 620694 699926 27688823 28669645 X 13744638 14744660 3813949 2103157 13115039 13365400 30673626 30213217 58362449 58882862 X 1083872 -1544281 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7973329 26728 57145 378030 7679172 7222254 30666 1133905 413496 7973329 6658608 84590 634703 155647 7222254 6644645 302478 -787284 -498769 6658608 0.92320 0.07680 0 0 2010713 2010713 35514859 12488090 23026769 3928689 2101506 1827183 5084195 2907370 2176825 29041490 Bond Issuance Costs 244489 Deferred Compensation Plans 220592 Beneficial Interest in Perpetual Trust 6217479 Charitable Gift Annuity 1034150 Accrued Investment Interest Receivable 11064 Asset Held for Sale 3800000 11527774 Funds Held for Students 117218 Charitable Gift Annuity 362116 Deferred Compensation Payable 220592 699926 21654707 20570835 1083872 86577 -1630858 -1544281 -460409 16811344 86577 278951 365528 16445816 5208891 5208891 21654707 17271753 26638 26638 17245115 3325720 3325720 20570835 Description of Intended Use of Endowment Funds: Part V, Line 4: The Academy's endowment consists of funds established for a variety of purposes. Its endowment includes donor-restricted endowment funds. Part XI, Line 8 - Other Adjustments: Change in Value of Charitable Gift Annuity 23,679. Change in Value of Beneficial Interest in Perpetual Trust 228,634. Change in Pledge Discounting and Allowance for Pledges -1,883,171. Total to Schedule D, Part XI, Line 8: -1,630,858. Part XII, Line 2d - Other Adjustments: Change in Value of Charitable Gift Annuity 23,679. Change in Value of Beneficial Interest in Perpetual Trust 228,634. Fundraising Expenses 26,638. Part XII, Line 4b - Other Adjustments: Finanical Aid Grants 3,325,720. Change in Pledge Discounting and Allowance for Pledges 1,883,171. Part XIII, Line 2d - Other Adjustments: Fundraising Expenses 26,638. Part XIII, Line 4b - Other Adjustments: Financial Aid Grants 3,325,720. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Explanation of Nondiscriminatory Policy Publication Schedule E, Part I, Line 3 Through newspaper, television, and radio advertising, and in school literature. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 The Academy participates in the Federal School Lunch Program and the Federal E-RATE program providing support for technology and libraries. East Asia and the Pacific 0 0 Fundraising and Parent/Alumni relations 11550 0 0 0 0 0 0 11550 0 11550 0 0 0 0 0 0 Additional Information Part I, Line 3 Brewster Academy currently has 54 students from Asia. As a result of the trip for fundraising and parent/alumni relations, Brewster Academy received $15,000 worth of contributions from sources in Asia. X X X X X X X 1 Washburn & McGoldrick 950 New Loudon Road Latham NY 12110 Capital campaign planning 0 0 21517 -21517 21517 -21517 Family Weekend Auction 120660 120660 26638 120660 120660 26638 26638 94022 1 Financial Aid 121 3325720 FMV Brewster Academy provides financial aid to students based on need Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The Academy provides scholarships to students in need as a reduction in tuition. No funds are transferred to the recipients. Part III, Line (f): Brewster Academy provides financial aid to students based on need. The amount of financial aid given and the names and addresses of the recipients are on file in the business office. X X X 1 1 X X X 0 1 0 0 0 0 0 0 0 Michael Cooper 227224 0 39833 0 3257 0 30166 0 18680 0 319160 0 0 0 Part I, Line 1a Housing was provided to Head of School, Director of Admissions and Chief Financial Officer in the amount of $13,420, $13,420 and $20,130 respectively. Part I, Line 4b Michael Cooper, Head of School, contributed $16,500 to his 457B account. Brewster Academy contributed $30,166 to his 457F account. New Hampshire Health and Education Facilities Authority 020279866 2011-02-04 18000000 Capital Improvements 0 0 0 18000000 1304158 256607 16439235 2011 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 Lisa Braiterman CFO 27785 Tuition remission X 7 459882 FMV X 2 2143 Cost of food X Mobile Skateboard Park 1 4969 Retail Value 0 0 0 Form 990, Part VI, Section A, line 4 Brewster Academy made nine significant changes to its bylaws. The minimum number of Trustees is now nine. The term of a Trustee Emeritus is one year. A Trustee is considered to have resigned if they do not attend three consecutive meetings, unless excused by the Chair. The Trustees are now subject to a Standard of Care clause. The income restrictions are no longer subject to the Founder's will. The Head of School must now attend the Trustee's meetings. Voting now requires only a majority to pass. The Executive Committee no longer requires the attendance of the Secretary. The Audit Committee must meet at least once annually. Form 990, Part VI, Section B, line 11 The Audit Committee reviews, approves and recommends acceptance of the Form 990 by the Finance Committee. After the review and recommendation to accept the Form 990 by the Audit Committee, the Finance Committee reviews and recommends acceptance of the completed Form 990 to the Board, along with the Audit Committee. Then it is sent to all other board members and the Head of School for their review and approval. Form 990, Part VI, Section B, line 12c The Conflict of Interest Policy must be signed individually by members of the Board of Trustees. There is an annual review of these conflict of interest statements. Form 990, Part VI, Section B, line 15 The Board of Trustees retained an employment consultant to determine the salary for the Head of School. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 86,577. Change in Value of Charitable Gift Annuity 23,679. Change in Value of Beneficial Interest in Perpetual Trust 228,634. Change in Pledge Discounting and Allowance for Pledges -1,883,171. Total to Form 990, Part XI, Line 5: -1,544,281. Form 990, Part XII, Line 2c The organization has not changed its oversight or selection process during the tax year.